MacKenzie Scott gives “Big Brothers Big Sisters of America” a $122.6 Million donation – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES} 

I celebrate ACHIEVEMENT EVERY DAY!  WEDNESDAY SERIES – “A Rainbow of Role Models” highlights role models of ALL colors.  “There is dignity, achievement, and success—in becoming, a great factor in civilization.” Carter G. Woodson. 

I hope you will share these short articles, and perhaps a few people will be curious to learn more.

Disclaimer: Good Day, Readers.  WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.  

STYRON’S INTRODUCTION

Mackenzie Scott is the former wife of Jeff Bezos, Founder, and Chairman of the Board, of Amazon Corporation.    I admire Ms. Scott because she has been busy donating the billions of dollars received in her divorce decree.   SHE IS MAKING A DIFFERENCE! 

Big Brothers Big Sisters of America gets a $122.6M donation from MacKenzie Scott – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES} 

{CEO, Artis Stevens, “Big Brothers Big Sisters of America,” discusses a massive donation from MacKenzie Scott.   

Interviewed by CNBC’s Melissa Lee and the Fast Money Traders: Tim Seymour, Dan Nathan, Bonawyn Eison, and Guy Adami.}

MacKenzie Scott donates $122.6 Million to Brothers Big Sisters of America, the single largest individual donation in the 100-plus-year history of the organization.   

CEO Artist Stevens discusses how this donation will be utlized.   

QUESTION: Artist, the fastest-growing age group in your organization, are 18 to 25-year-olds looking for mentorship.   How will the money be used? 

RESPONSE: We will use it to support the country’s largest provider of workplace youth mentoring. And we’re going to use it to help support kids to continue to find their career journeys, including scholarship internship job placements.   When we connect young people to mentors who they can see and understand and have that connection with, it helps them go towards finding jobs, careers, and finding their like journey.  

QUESTION: How is this mission changed at all because of the pandemic? I would imagine some of these folks didn’t have any in-person work experience, and here they are going out in the workforce now, right?  

RESPONSE: One of the significant ways that we changed was through the use of technology.   We found that to be not just an enabler but a way that we’re able to support and help kids; they tracked and connected with mentors, school systems, and partners, so it made us have to be more creative and be more collaborative to be very straightforward with you and working with community partners working with parents working supporters and putting young people in the middle of our work, and that’s what we do every single day with our corporate partners who engage in mentorship with our young people.   We serve as a bridge to help them do that.  

QUESTION:  Artist, I’m so proud of what you’ve done you took over from Pam Iorio.   Mackenzie Scott has said she’d watched the organization for a few years now. I’m sure you’ve had conversations.   What did she see to make this extraordinary donation?

RESPONSE: I think one of the biggest things that she saw was the idea that we had the opportunity to scale.   We had 230 local Big Brothers Big Sisters all across the country. We have the skill to make an efficient impact.   We have had the evidence-based programs for over a century, and then she saw the innovation and its innovation of thinking about how we connect what’s going on in our country.   In terms of the economy, how do companies want to engage their employees to have more diversity and a more diverse population and increase the talent pipeline?   And finding the organization that can reach kids in those communities and gets kids at a younger age.   And help them transition to a place where they can be successful.   Our largest growing population of young people that we are serving is 18 to 25 young adults.   We want to continue to grow and ensure more robust financial literacy is the pillar of the program.

 QUESTION: Artist I’m pleased about I think that young people should learn, especially during tough times that’s the most critical time to understand the power of your money.   How is that change or challenge during this time where the dollar goes not as far as it used to just a couple of months ago in terms of inflation?  

RESPONSE: What are our kids are learning and remember with a lot of our kids because many of them are the first generation when they go to college, so in a lot of the ways sometimes they don’t have the opportunity to get some of the types of engagements and connections that we all traditionally think about.   o one of the things that we work on is essentials in basis: how to balance the checkbook.   How to handle everyday things like opening savings accounts, using credit cards, etc. This is part of what mentorship does.   It exposes kids to some of the everyday things that we think about in terms of financial literacy.   Living the life that surrounds savings and understanding your investment that’s part of the membership journey.   And we expose kids to that experience and keep their families connected to it as well.   So it’s a family approach in terms of how we build our mentorship program.

QUESTION:  Artist, thank you for all the work Big Brothers Big Sisters of America does.   We appreciate it. Dan, you’ve been part of this program, right?  

ANSWER:  It is a fantastic program. I benefited from mentoring a young man who was ten years old.   It’s a tremendous program and gets involved, people.   I know Guy has been involved, and I’m sure many of you spent a lot of time mentoring younger people today.   This age segment is so important, so you’re getting people at a time in their lives where they are excited to embrace the next challenge.   But the educational tools it’s not just about money. It’s about providing the resources to allow people to take that next step.   Standing up for a business sometimes it’s not just about the capital. It’s about entrepreneurship and learning that.   Between the ages of 18 to 25, you get young people you can help make a difference in the world.

CLICK THE BELOW LINK TO SEE THE INTERVIEW

https://www.cnbc.com/video/2022/05/24/big-brothers-big-sisters-of-america-gets-122point6m-donation-from-mackenzie-scott.html?__source=flipboard

 

BIG BROTHERS BIG SISTERS OF AMERICA. 

“For more than 100 years, Big Brothers Big Sisters has operated under the belief that inherent in every child is the ability to succeed and thrive in life.   As the nation’s largest donor- and volunteer-supported mentoring network, Big Brothers Big Sisters makes meaningful, monitored matches between adult volunteers (“Bigs”) and children (“Littles”), ages 6 through 18, in communities across the country.   We develop positive relationships that have a direct and lasting effect on the lives of young people.

The Big Brothers Big Sisters’ Mission is to create and support one-to-one mentoring relationships that ignite the power and promise of youth.

The “Big Brothers Big Sisters” Vision is that all youth achieve their full potential.

Accountability: We partner with parents/guardians, volunteers, and others in the community to hold ourselves accountable for each child in our program, achieving:

  • Higher aspirations, greater confidence, and better relationships
  • Avoidance of risky behaviors
  • Educational Success ” 

 

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ABOUT ME

I am a proud nerd (as my beautiful wife and daughter have told me) investment and finance blogger with an NC State, Chemical Engineering, University Rutgers, MBA and Harvard University, Advanced Management education.

I left a corporate career because I desired to make a difference as a speaker and writer.    I was blessed to be coached and mentored by strong women and men in my family and professional life.  It is my time to serve and give back.

DISCLAIMER

I started my first business at ~13 years of age (a small but brilliantly created plant nursery). I am a successful investor in stocks, options, and real estate and am happy to share my finance and investment lessons.  I am NOT a licensed financial advisor.  Please do not construe my suggestions on this blog as recommendations for your situation.   s an investor, you must establish your risk/loss tolerance. Investment in any asset involves risk, including complete loss. 

 Please seek your licensed CPA or fiduciary financial advisors for individual financial advice.  

I write this weekly blog to make an impact by reaching an audience and demonstrating the need for financial literacy.    I will help you get there.

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Powers Investments Management, LLC

This blog will provide, information and simple strategies, that will assist you to achieve YOUR financial objectives and long term targets. For over 30 years, I solved multi-million dollar problems, for Fortune 10-250, companies. My formal education includes: Business, Finance and Chemical Engineering {Problem Solving} at: Harvard, Rutgers and North Carolina State. And an additional 30+ years, managing my family’s investment decisions. I currently manage/advise people with net-worths ranging from the tens of thousands to several million dollars.

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